LONDON, Dec 6- Crowded junk corporate bond markets may be most vulnerable to what could be the main outlying risk of 2014: a Federal Reserve that is slow to withdraw monetary stimulus and forced to play catch-up.» Read More
Nov 14- Fitch Ratings said on Thursday it may soon strip heavily indebted Puerto Rico of its investment grade credit rating, threatening to tag the U.S. territory as the largest municipal bond issuer to date to tumble into junk bond territory.
Nov 14- Fitch Ratings on Thursday said it may cut heavily indebted Puerto Rico's main credit rating to junk-bond status. A leading Wall Street credit ratings group, Fitch said it had placed the Caribbean island's BBB-minus general obligation bond rating on negative watch and expected to clarify the status of its rating by the end of June.
PARIS, Nov 4- Loss-making telecom equipment maker Alcatel-Lucent plans to raise 955 million euros from shareholders and $750 million from a high-yield bond to cut debt and drive what its boss has called a last-ditch effort to save the group.
NEW DELHI, Oct 3- India's finance minister may have to slice at least 200 billion rupees from government spending to prevent a budget blow-out, which could threaten to send the country's credit rating into "junk" status, two ministry officials said.
Moody's remains the only one of the three big agencies to class Ireland as "junk", but its move to lift the rating outlook to stable from negative is against a trend of mostly negative rating actions against euro zone sovereigns in recent years.
NEW YORK, Sept 15- Months of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds.
NEW YORK, Sept 13- Months of anticipation will come to an end next week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds.
Sales of European non-investment grade debt to the U.S. have hit a record high this year, despite the continued issues in the euro zone. There are several key reasons why this is happening.
July 26- Detroit's filing for bankruptcy protection is "profoundly meaningful" for the small number of local governments in the United States that are below investment grade, and could change their approach to pensions and other long-term liabilities, Moody's Investors Service said on Friday.
MILAN, July 10- Italy's one-year debt costs rose to their highest level since March at an auction on Wednesday, a day after Standard& Poor's cut Italy's sovereign credit rating to two notches above junk. On Tuesday S&P cut Italy's sovereign debt to BBB from BBB-plus, citing concerns about prospects for an economy stuck in its worst recession since World War Two.
MILAN, July 10- Italy's one-year debt costs hit their highest level in four months at an auction on Wednesday, after Standard& Poor's cut Italy's sovereign rating to one notch above junk. One-year borrowing costs rose to 1.078 percent on Wednesday, reaching their highest level since March 2013.
TOKYO, July 8- Japan's Nikkei share average fell 1.4 percent on Monday after hitting a six-week high as sharp declines in Asian markets tempered optimism stemming from strong U.S. data and a weaker yen, while S&P's downgrade on SoftBank Corp's debt rating to "junk" status increased a negative mood.
LISBON, July 5- European Central Bank Governing Council member Carlos Costa on Friday warned Portugal needs to overcome a political rift which could undermine its fiscal adjustment and which Standard& Poor's said could hit the country's debt rating. Its BB rating for Portugal is still in junk territory.
Robin Doumar, managing partner at Park Square Capital, explains why he expects to see "much more carnage" in the high yield bonds market going forward.
Jim Casey, JPMorgan, discusses the $9 billion outflow from fixed income and reveals when he expects to see a turnaround in the bond market.
Fred Eckert, founding partner and CIO of Phoenix Star Capital, discusses his bankruptcy at the height of the financial crisis and why now is the good time for him to re-enter the market.
Jeff Peskind, founder and CIO at Phoenix Investment Adviser, talks about how the rise of Treasurys will impact high yield bonds and explains that when interest rates increase, the best place to be in is credit.
Robbert Van Batenburg, Newedge, and Tim Gramatovich, Peritus Asset Management, discuss whether assets will continue to inflow into "fixed-income-like" instruments when the Fed begins to implement its tapering program.
Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic uncertainty.
Jason Brady, MD & Head of Fixed Income at Thornburg Investment Management, says the current dynamics are showing a lot more risks than rewards.